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fit and she stays active. >> just part of a taxpayer funded ad campaign from the u.s. department of agriculture encouraging seniors to get on food stamps because they will make you look better. we have more news on the food stamp front that will make you angry and that's later in the show. with the tax and fiscal cliff looming 21 days from now, is there a reason for even some slight optimism this evening? joining us now in studio, we welcome distinguished house members carolina maloney of new york and larry kudlow's house member in manhattan. and the republican from arizona. as always, welcome to both of you. dave, let me ask you this. i'm hearing a lot of this that there is a strategic retreat by the republican party. 57b and that they are not either in the house or senate going to block the middle class stax tax cuts which proliferate in terms of the bill. is that true, sir? >> i haven't been invited into the strategic retreat caucus. look. i hear more on the news than i ever actually come across in reality in d.c. so far, i do not see a willingness, particularly on the conserv
new poll shows that 52% of u.s. adult dults favor major restrictions on guns, making all guns illegal versus 47% last august. let's turn to our white house correspondent brianna keilar. she's joining us. the president came out and didn't mince very words. >> reporter: no, wolf. this is the first time that president obama has laid out a time line. he appointed vice president biden to lead this group of cabinet lawmakers to come out with some solutions and he wants those recommends from him no later than january. the president said this time washington won't just talk about tackling gun violence. >> this is not some washington commission. this is not something where folks are going to be studying the issue for six months and publishing a report that gets read and then pushed aside. this is a team that has a very specific task to pull together real reforms right now. >> reporter: he urged congress to vote early next year on an assault weapons ban and high ammunition clips and close the loopholes so all gun buyers are subject to background checks. >> we're going to need to work on making
, there will be consequences and you will be held accountable. >> u.s. officials tell nbc news that syria's government has ordered the chemical sites to be, quote, prepared. sparking fears that they could be getting ready to mix a deadly nerve gas. so the direct warnings president obama and secretary of state hillary clinton delivered to syria come as that country's ally, russia, signals that the use of chemical weapons is a red line for their own support for syria. joining me now is nbc's chief pentagon correspondent jim jim miklaszewski. a speech that really didn't have anything having to do with what syria, clearly there's intelligence on the ground that has u.s. officials concerned. >> reporter: that's right, chuck. all the latest intelligence indicates that the u.s., nato, and particularly the syrian people are really staring the worst case scenario directly in the face. just about the time rebel forces started to make significant advances in the capital da m damascus, u.s. officials tell nbc news that the assad regime informed its chemical weapons corps to get prepared. and just about that time, u.s
, the u.s. is concerned about what they're seeing in libya, according to all reports, that some of the weapons that were supplied through middle men have now gotten to terror groups. they're concerned about tracking the weapons and about possible blowback depending what kind of regime replace assad because no one thinks this regime will survive, whether it takes weeks, months, or a year. no one really thinks and you are a lot closer to it than all of us that assad is going to survive. >> it doesn't seem like assad is going to survive. when i went in a few days ago, i wasn't sure as well if he had a few more days, if he had a few more weeks. i don't think that this is going tolg very quickly. i would say a few more months. i explained this to -- or described it to one of our editors that imagine there's a big iceberg or a big wedge of ice and you are chipping at it with an ice pick. initially you just get tiny little flakes. eventually big chunks start to come off, and chunks are now coming off. the assad regime is breaking apart. rebel units are being -- are winning and taking o
. a u.s. ambassador and three others were killed in a terrorist attack on that diplomatic compound in libya. one state department official resigned wednesday and three others removed after an independent panel found security at the consulate was insufficient and state department leadership was to blame. >> the security posture at the special mission compound was inadequate for the threat environment in benghazi. and in fact, grossly inadequate to deal with the attack that took place that night. >> the report also found the attack was not the result of protests over an anti-islamic video as was first reported. later today, two deputy secretaries of state will testify before congress about the attack. secretary of state hillary clinton will not be there. she's recovering from a concussion after fainting from the stomach flu. aides say clinton, the most traveled u.s. diplomat ever won't be making any trips at all for a few weeks. state department officials dismiss claims that clinton is faking her illness to avoid testifying. >>> vice president joe biden is getting right to business w
saying the differences in the u.s. congress over the fiscal cliff could be settled if. that's what he's really saying in this press conference in damascus. the elements are there under plan world powers agreed to back in jeune. but, of course, getting agreement if there fr. the assad side and the rebels the and the government, that's a tall order. he's an experienced negotiator. there seems to be some momentum with a flurry of talks and shuttle-type dip ploemmy but he still said and lamented syria is deteriorating rapidly. and as he said there's no u.s./russian plan. there may be discussions on options. can will there a transitional government formed and then elections but we're still not at that stage yet, suzanne. >> do we think he's bringing anything to the table that kofi annan did not who failed in brings these sides together? >> yes. and in failed, it may be a matter of timing. certainly the matter of violence has an eastbound. 40,000 report lid dead. brahimi has not had that success either but he's plugging away. he's been the man in the field from the u.n. from haiti to yemen.
. the only place you have it is overseas. europe looks stable compared to the u.s. right now what does that say about our dysfunctional system? it says our dysfunction is our competitor's advantage in this market and that is sad. >> amen to larry. that was well said. i don't think i can add anything. >> for the average investor watching right now, any advice? >> no. i think that what's going to happen is there will be refl reflexive knee-jerk reaction higher if one of those two things i said happen. the market was up quite a bit since mid-november. the small-cap his been up 9.5% until the sell-off and they'd given a lot of that back, but there was a lot of good feelings priced in, and to me it's not that awful for us to take some of that off. i think the next month will be choppy and whipsaw, but 2013, there are a lot of good things going, housing market, china, japan. i would buy some things. >> guys, got to cut you off. larry, you'll get more time next time, promise. see you later, jim. >>> we're all over the fiscal fiasco. tune in to cnbc this sunday night. yep, we're working the we
business correspondent for "u.s. news & world report." i want to ask you about the tax increase if there is no deal and tax rates rise, when would workers begin to see that reflekr reflected in their paychecks? when does the pain start? >> this is not one tax hike. this is about nine different sets of taxes. and the one that would go up right away is the payroll tax. that was cut temporarily in 2 009, cut by two percentage points and will go back up by two percentage points and that would come out of workers' paychecks right off the bat. it would add up to something like $60, $70 a month for the typical worker. we hear about all the tax rates that are going up, that actually wouldn't involve money that is in people's pockets until they actually pay their taxes or do their tax returns the following year. because that's when they would have to calculate the amount they owe and whether they paid enough taxes in 2013. so the good and bad news about that is that is not going to affect people right away, but that also means they can put that one off for a long time and we could go --
:40 in the afternoon. susan rice remains the u.s. ambassador to the united nations. and a high-profile one at that. she's known for being very close to president obama, a long-time friend and ally for the president. she's also known for being blunt. and for being aggressively intelligent. she is a rhodes scholar. she's stanford educated. she was on the national security council staff and served as assistant secretary of state in the clinton administration. she was unanimously confirmed in 2009 for the post she holds now as the u.n. ambassador. when hillary clinton made clearer than clear that she would not stay on for a second term as secretary of state, susan rice's name was floated basically immediately as a potential nominee for that job. hers was not the only name floated for that job, but her potential nomination was given new prominence and new political heat when republican senators, led by john mcguess who decided that the political traction they could not get before the election in attacking the president for the benghazi attack, they would try to get instead after the election by attacking su
and putting it to work. the u.s. economy is simply much stronger than we thought just a few quarters ago. second, these deals show that there are ceos who are willing to give up or share their empires in order to make money for their shareholders. oh, cramer, these people are so rich. i know they're not sacrificing financially. that's not the point. the target ceos will all do well but these guys are empire builders. finally, even as the sale of the stock indicates in a symbolic way, these deals show the companies are listed -- that are listed themselves are often worth far more than they're currently trading for. that's not an aberration. it happening marketwide. think about it. we have a financial brokerage company, right, stocks and oil service company, a tech concern and an insurer's business bringing out value virtually overnight. here's the bottom line. we can be riveted and saddened by what's going on in washington or angry, the refusal of all politicians to rise above their milieu or we can be constructive and search for the opportunities that are right there in front of us, in m
and losses have been picking up in the last hour or so as we've seen renewed concern about the u.s. fiscal cliff whether a negotiation could be reached. we saw some optimism in the asian session overnight. i want to draw your attention to the most important story potentially for 20123 and that's what's happening in japan. you guys may recall yesterday it was up .9%. this market has been on a tear this year. it's up more than 20 one of the best asset classes. the yen continues to weaken. there's two reasons why we're focusing here. we got weak economic data out of japan. industrial production decline. we saw core consumer prices decline. we can show you, though, what's happening with the yen. we're seeing the new finance minister coming out and saying to other countries, you know, look, we're not trying to materially weaken our yen and you have no place to accuse us of doing so. he says a strong dollar policy would benefit the u.s. very much so. and, again, might benefit japan, too, because that will make it a lot easier to get that yen lower. today, the dollar/yen is up .2% because it's im
targeting the u.s. facility. at the same time the state department increasingly was relying on a local libyan militia known as the 17th february brigade as well as on outside security contractor to protect the consulate. the report concludes neither provided meaningful defense on the day of the attack. jenna: what about the hearings? will secretary clinton testify on any of this information? >> reporter: well the unclassified report is lengthy but a key piece is missing. it does not address the policy piece. for example, why was it that secretary of state hillary clinton and her office felt that a smaller, or light footprint was necessary or was justified in eastern libya given the intelligence about the deteriorating security conditions? just a short time ago a senior republican here on capitol hill said secretary of state hillary clinton must testify. >> i do think it's imperative for all concerned she testify in an open session prior to any changing of the regime. i think that that's very important for her. i think it's very important for our country and i think it's very important
growing criticism over the last several weeks because of the way that she portrayed the u.s. consulate in benghazi. she blamed an angry mob, not a terrorist attack by al qaeda. rice has said that she was working off of information she had at the time, but republicans largely led by senator john mccain have accused her of misleading the american people and said because of that, they wouldn't support her nomination. it was that pushback that led her to give a letter to the president saying that she did not wish to be considered. she said she believed the confirmation process would be long, lengthy and disruptive and just not worth it to the country at this time. president obama did accept that decision, and then said that he regretted it but also said that it spoke to her character. she will likely continue to work close w closely with the president, either as his u.n. ambassador or as his security adviser. he will likely now nominate senator john kerry. larry? >> many thanks. on top of the susan rice story, we are also learning tonight that retired nebraska republican senator chuck hage
as if the u.s. government would not pay interest on its debts. have -- you know perfectly well will is about a million things. i have been in the country where they ran out of borrowing capacity and managed important several years to survive without that borrowing capacity. there's a million things you can do before. you don't pay your debt on the u.s. treasuries before you stop paying social security, before you do lots of other things. is he purposefully trying to elevate this to a situation that frightens people? >> in many ways -- this is like the mayan calendar. they said the world would end december 21. we are all still here. the fiscal cliff negotiations and the debts limit thing are not the end of the world and we will figure it out. the most important thing to keep in mind is long term. we want to have a healthy fiscal situation. we have to have a healthy economy. we have to address growth. here's something else that is -- totally missing from this conversation. >> jimmy? >> understand that the executive branch is required under federal law to notify the legislative branch that, fac
-runner for the job after the u.s. ambassador to the united nations, susan rice, withdrew her name from consideration last week. during the announcement the president indicated that kerry's senate career makes him more than capable for the job. >> in an extraordinarily distinguished senate career and as chairman of the foreign relations committee, john's played a central role in every major foreign policy debate for nearly 30 years. as we turn the page on a decade of war, he understands that we've got to harness all elements of american power and ensure that they're working together. >> secretary clinton wasn't present for the announcement. she's still recovering from a concussion. but in a statement she said that kerri is re is an excellent choice. north korean state media is reporting a u.s. citizen has been arrested in north korea for committing an unspecified crime. they say a tour guide entered north korea more than a month ago, was eventually detained after evidence was uncovered of some sort of crime. this comes ten days after a u.s. official said an american with a similar name was detained i
's been a gang buster year for the markets. unfortunately, the average u.s. investor out there has largely been on the sidelines. money in bonds, money into money market funds continuing to flow in the month of november. unfortunately, even as we do see a very, very good year for the stock market, not many investors are really taking part in this. >> i think we saw finally an outflow for bond funds in well over a year last week. that has been a rarity. we've warned many of our viewers, be careful of the duration risk. we're going into another year where many people are at least saying, okay, is the rally over? the 30-year rally in bonds, is it over? if it is, what is it going to mean? we've had people saying that the last three years. everybody's best trade was to short the long bond. it ended up being one of the worst trades you could make the last couple of years. >> in terms of being careful, speaking of being careful, today will be light volume, shortened session, but light volume. who knows what that could lead to. if you wanted bury bad news, christmas eve is the perfect day to do it
in the u.s.? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. >>> we've been talking about the tragedy in newtown, connecticut. and that was not the only news story this week. one important story that was uncovered before the friday shooting. the future of women's under the violence act. it provided billions of dollars to investigate violent crimes against women but it expired. they offered to expand the bill with a new protection for same-sex couples, american indians and undocumented immigrants. so the house balked so in tuesday at a rare show of defiance in their own party leadership ten house rips signed on to a letter written by democration asking house supremer john boehner and majority leader kantor to on the reauthorization of the violence against women act bringing a bill inclusive of
as a result of antitrust here in the u.s., a americaning of the two equity platforms of nasdaq and nyc. nyc kept as it, and my reporting is, let's call it september or so, right at the end of the summer, early fall, an overture was made to the nyc about a potential deal. discussions continued at that point and continued for a number of month ending with this morning's announcement from the two of them that they did in fact have a deal. fair >> david, what i'm hearing is that the cme group wanted to offer an even higher bid for the new york stock exchange. however, with this clearing agreement that the nyse has agreed to with i.c.e., that's probably not going to happen at this point, this is the deal that nyc is going to go with because apparently cme approached the ceo in the last couple of months, but it was probably too late. the nyc went ahead with i.c.e. and had been too further along. the question now, bob pisani, what happens with the other exchanges, hong kong, nasdaq? what are we seeing next in terms of the next target in the exchange space? >> well, at the very least, it's helped i
investors have pulled at least $380 billion u.s. stock funds from april 2007 and it's the first time ordinary investors have sold during a bull market since world war ii. >>> mortgage rates headed down last week according to freddie mac. the 30-year fixed rate average was 3.35%, just 0.04% from the 40-year lowest on record since 1971. the average on 30-year fixed rates was 3.66%, the lowest in 65 years. michelle, it seems like a good time to buy. >> yeah, maybe. >> thank you, seema, if you can get the loan. >>> why when we just upgraded their trade status in we're about to get answers from a russian expert just ahead. [ male announcer ] this december, remember -- you can stay in and share something... or you can get out there and actually share something. ♪ the lexus december to remember sales event is on. this is the pursuit offection. report. i'm michelle caruso-cabrera. >> gun control advocates talk about great laws in gun ownership if great britain. there's only one problem, they don't work. they seem to have made things even worse. we'll talk more about that and it happens to
intervention, more than half say the u.s. and other countries should not send military planes and missiles to help the opposition fighters set up a safety zone. >>> in kabul earlier today an afghan police officer shot and killed an american contractor. this was inside police headquarters. this attack comes just a day after five afghan police, they were killed by their commander who police say was a taliban infiltrator. more than 50 have been killed by inside attacks this year. barbara starr, this is one of the main concerns as you know of the police of the forces, the international forces inside of afghanistan. you've got these rouge actors that infiltrate and are a part of killing what they -- these inside killings, the green on blue and blue on blue. tell us what happened. >> there's very little information available so far, suzanne. as you said, someone in an afghan police uniform. what is so interesting about this tragic incident is it was a woman in an afghan police uniform. whether she was a member of the afghan police or perhaps an infiltrator that stole the uniform somehow i think
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maker based in the u.s. the company received $133 million in federal stimulus grngrnt grants before going under. republicans called the case a textbook example of wasted stimulus money. >>> "usa today," controversy surrounding the korean pop sensation psy. he performed last night at the christmas in washington concert with the president and his family in attendance. he has that dance, you know? >> you know, everybody, like, sends me videos of them doing this. i have no idea what it is. >> "gangnam style." >> is that how you say it? >> yeah. >> oh, you know what? i prefer to be out of it on this one. >> so this was just days after video surfaced of him using inflammatory anti-american language and leading anti-u.s. protests at a concert in 2004 amid the heat of the iraq war. the song, which is a cover called for killing, quote, yankees. on friday psy issued an apology saying he understands american servicemen's sacrifices and regrets using the inflammatory language. >> it was really harsh language that he used, but you know what? a lot of people said a lot of stupid things again. i w
serving senator in u.s. history, democrat senator inouye died from respiratory complications. president obama praised him calling inoue a true american hero. his staff says his final word was aloha. he was 88 years old. a great, as the president said, great american hero. the charleston post, south carolina governor, nikki haley, selects republican tim scott to replace out-going jim demint. the tea party will be switching and will become the first african-american senator ever from south carolina. >> "boston globe," taking new steps to speed up your check-in this holiday season. the elderly members of the military and other travelers deemed low risk will now be able to keep their shoes, jackets and belts on. the tsa has also expanded its pre-check trusted traveler program to 35 airports. >> those trusted travelers, t.j. >> and a look with "politico" playbook, jim vandyheim. >> there was some movement on the fiscal cliff talks. >> yes. i would say substantial movement where you can see the contours of a deal that can get done potentially pretty quick where the president is willing to say
. they would sell u.s. debt and force change that way. now the federal reserve owns most of the debt, so the bound vigilanties have been new tered. >> that was a very clear way of explaining that. >> now everybody can go back to sleep in america. i wanted to tuck people back in. >> is jack jacobs on the phone? let's take a pause. >> i put colonel jacobs back to sleep. >> no one can put colonel jacobs to sleep. he's hyperactive. as we indicated earlier in the show, a long-time friend, sometimes under ling of general norm an schwartzkopf. colonel jacobs, i was mentioning at the top of the show that the impact that general schwartzkopf, then colonel schwartzkopf had on me from an incident in vietnam that a woman in iowa, peg mullen, wrote about in a book called the "friendly fire" about the death of her son a young army private. general schwartzkopf was the army commander and he was so human and approachable to mrs. mullen. it was impressive. clearly he was an impressive guy. tell us your thoughts and memories of general sworts co h schwartzkopf. >> he was an impressive guy. i he met him w
the great recession with flying colors. about 30% of the dealers in the u.s. went under during the recession. isn't that extraordinary? but brunz week's dealer remained flat. they held in much better than the competition. they used the economic weakness to take share. plus the company took out $450 million in fixed costs during the downturn to come out even stronger than ever. that's the brunswick we're dealing with today. second, if higher taxes going forward mean there's slightly less demand for motorboats and fishing boats, you know what? i think that could be more than offset by the additional demand created by all those boats that sandy damaged or destroyed. and even before sandy, things were getting better for brunswick. over the last decade, the age of the average powerboat in the water has gone from 15 years old to 21 years old. wow! i thought cars at 11 years was a lot. that means there's a ton of pent-up replacement demand. we saw the same thing happen in the automobile market where the average car on the road got so old that it has led to a new surge. that's what that $15 million
. [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper average. t. rowe price. invest with confidence. request a prospectus or summary prospectus with investment information, risks, fees and expenses to read and consider carefully before investing. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choose any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ male announcer ] just like you, business pro. just like you. go national. go like a pro. >>> welcome back. if today's market action is any suggestion of what's to come, where do you put your money now? >> where do you put your money in the final five trading days of the year? >> w
. mary thompson is at the big doi. the dow staged and pulled lower today by u.s. senator harry reid and the idea that the markets would send the markets higher in late trading and even though the gains latt in the kay were trimmed. mitch wok nell tock to the fleb vp strategy. the weaker performers were financial, materials as well as utilities among the sectors offsetting late-day games we saw in discretionary and staple stocks low on initial consumer sentiment and the cliff. home builders today finished something very good. november home sales for strong continue once again. of course, now all eyes to this weekend to see what hang will done about the cliff. back to you. >> if, at all. thank you, mary. housing is clicking on all cylinders right now. home prices up nearly 7 boston this year making it the first yearly gain we've seen in housing six 2006. that's unbelievable. >> it is unbelievable. >> look the november numbers. 14.5% jump in existing home sales. mary mentioned the 15% increase in new home sales. mortgage rates still close to all-time lows right now. >> with all that po
, a u.s. investigation finds more evidence about how walmart used payoffs allegedly in mexico to advance its gold down there. it's tuesday, december 18th, 2012. "squawk box" begins right now. >>> good morning, everyone. welcome to "squawk box" here on cnbc. i'm becky quick along with joe kernen and andrew ross sorkin. our guest host this hour is julia sed. fiscal cliff negotiations, our top story. now president obama is proposing leaving lower tax rates in place for everyone except those earning $400,000 and above. that's above the $250,000 threshold that the president has been demanding for months, but it is still far from speaker john boehner's request of $1 million. a source familiar with the talk says this is by no means the final offer for the white house. the move by the president was welcomed, albeit with some reservations. we will talk about the latest developments in just a few minutes. in the meantime, the global markets seem to be taking note of the optimism. you can see right now that those dow futures are up by 54 points. this comes after a decent rally for the markets yeste
rochelle. no word why it crashed. >>> major, new concerns about the war in afghanistan this morning. u.s. troops are set to withdraw in a matter of months. but a new pentagon report finds only 1 of afghanistan's 23 army brigades is prepared to take over the duties. >>> we're learning more about the navy s.e.a.l. killed while helping to rescue a doctor in afghanistan. nicholas checque had been a s.e.a.l. for most of the past decade. people in his hometown in pennsylvania said checque dreamed of being a s.e.a.l., entering the navy right out of high school. >>> and in florida, a woman has been convicted of killing a man who won the lottery so she could steal his money. a judge in tampa called dee dee moore cold and swindling before killing abraham shakespeare. >>> two, major headlines returning your taxpayer money. the government is selling off its remaining stake in aig, the insurance company that got the biggest bailout in the financial crisis. a slight profit is expected. >>> and hsbc is expected to pay the government $1.9 million to settle accusations that the bank helped launder money
's take a look at the u.s. futures set up for the open first of the week. dow looking at about 50 points right after the open. as for the action in europe, taking its cues from the united states. we'll see a big rally in china extending one of its biggest rallies in three years. we have a mixed bag in europe with italy up by about .2 of 1%. >> we'll do our best to keep focused on the business day. we'll be following the tragic shooting in connecticut, of course. the new york stock exchange will hold a moment of silence to honor the victims in the next few moments, and we'll be looking at the president's call for meaningful action and the politics of gun control. >> let's get to a road map for this morning. it starts with apple. under pressure once again. even dipping below $500 a share at some point this morning. shares will remain range bound near term. iphone 5 sales and cannibalization among the region. >> other concessions from the gop, the speaker proposing tax hikes for millionaires. could this be the tipping point. moving the talks beyond deadlock. >> a big week for earnings. yes,
general motors buying $5.5 billion worth of stock from the u.s. government's t.a.r.p. program. and it was at a price $2 above where gm traded yesterday. that's right. we, the people, got a better deal than we could've ever hoped for just the day before. gm most likely would have been liquidated, putting more than 1 million people out of work. if the federal government hadn't bailed it out. nobody likes a bailout. people don't like to use the phrase bailout and the government isn't going to be made whole in this investment. i'm saying that point-blank. that's because it's so gigantic. the simple fact is also not only does gm exist, but it was capable of throwing off $5.5 billion to repay some of the t.a.r.p. investment. this thing was at death's door, now it's thriving, just like aig which also shouldn't have come back, but it did. those are two 2012 success stories that explain how robust corporate america really is and how unheralded that development is. what else? how about that the united states is producing more oil than any time in the last 17 years and producing enough t
is that about 40 times per week in the u.s., patients have a sponge or a towel left. 20 times a week, we operate on the wrong side of the body or the wrong part of the body. and 20 times we do the wrong operation. >> reporter: dr. jeffrey port of new york presbyterian hospital showed me what's supposed to happen before surgery even starts. >> we make a mark with our initials on the side of the surgery. >> reporter: the surgeon initials the correct limb. once inside the o.r., everything stops and they hold up a checklist. >> what is the procedure? does it match the consent? >> reporter: nurses should count the instruments and gauze sponges before and after surgery. and some hospitals use a new technology that dr. port pioneered. a tiny tracking chip attached to each piece of gauze. are surgeons taking this seriously? >> very seriously. >> and rich besser is here right now. so, you walk into the hospital, what's the first thing you ask? what's the first thing you do? >> reporter: well, you know, you want to make sure that your hospital is using this checklist, using this system. surgeons call thes
. consumer spending, of course, makes up about 70% of the u.s. economy. if you have been missing the google maps app on your iphone, you should be able find it now. it's been three months since apple replaced google maps. that was not nearly as popular and not nearly as good. google released its free application this week, and it's expected to become one of the hottest commodities in the apps store. >>> a bold move by the fed seemingly no moves at all when it comes to the debt ceiling and debt issues. two big stories. what do they mean and what happens next? joining me now is bob nardelli, former ceo of home depot, former chairman of chrysler, and president of the private equity firm x lr-8. >> thank you. >> as a businessman, what is your take on the fiscal cliff issue? how do you think these negotiations end? >> well, i mean there, is so much speculation out there and such a broad range of opinions. i guess if i had to predict, i would say we probably will not reach agreement and there is a high probability we will go over the cliff, and the impact of that, the repercussions i think are ca
's look at the "morning papers." "the washington post." the u.s. army will seek the death penalty against staff sergeant robert bells. his defense team says he shouldn't face the death penalty because he was serving his fourth deployment in a war zone. >>> "los angeles times." robert bork died of heart disease. he was solicitor general during watergate. he worked on romney's campaign as a senior judicial adviser. he was 85. >> "the san francisco chronicle," publicly voicing concerns over the new film "zero dark thirty." it tells the story of the hunt for osama bin laden and includes several graphic for tour seasons. the senators called the film "grossly inaccurate and misleading." they would. and said "there is a social and moral obligation to get the facts right," which "zero dark thirty" does. no editorial there. mark. >> "usa today," the air force is turning to espn and other video outlets to help manage its grow ing drones. it did not lead to technological breakthroughs but helped them develop new techniques. 325,000 hours of video material. >> and "the providence journal," 20-year-ol
did today for my travel trust. we judge the u.s. economy to be strong. strong enough to survive a fall on a trampoline or deep pool. we think housing, autos, anything china related can be bought right here using weakness as an opportunity to buy and not sell as we work toward a deal. keep in mind that it might take until the super bowl when everyone by then would have seen the truncated paychecks and got to get a deal then. give them the failure of the government to rise up to a compromise on the cliff so far. you would expect a bigger sell-off today unless of course you recognize that a compromise is more easily reached in 2013 than 2012 and maybe a stopgap. if we wake for a kick the can deal, what's the point of selling? it's better to be a buyer instead of seller. compromise is far more likely than not despite last night's shenanigans. jack in florida, jack? >> caller: i read your book. i enjoyed it very much. >> thank you. >> caller: i'm following a sector rotation strategy with some of my investments. currently in the material sector. and hoping to catch more of the housing uprise
are not as bad with fiscal cliff. china not as bad as we though, u.s. very strong. so nike, if it goes back to 97, it means we're going to have a real bad couple of days in my view. look at red hat. red hat is a technology company that is deeply involved in the cloud. they, too, had a better than expected number, as did oracle in the cloud. so these are my two tales for the trading today, david. if you pick the best of the best and they go down, you'll really have a couple of -- >> when it comes to the so-called cloud play and the use of it in the competition here, is that one of the key names? >> yes, it allows you to manage cloud in a cheap -- an anti-microsoft business. their partner is sales force.com. i'm really using these as tells. in other words, these are the ones where there's natural buyers. as we just found out how good things are. it wasn't like we found out a month ago. we just found out last night. if they have resilience, the market is going to be more resilient than people think. if they give up the ghost, i think next week's going to be difficult, too. >> all right. we'll be wat
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u.s. mint director. do you have any -- any feeling, any sort of inside feeling, if you like, about what's going on over there? >> yeah, you know, i've been there before, and can i say that all the parties truly wanted to come to some type of resolution, but they have kicked the can down the road so many times it's all the solutions that are left are extremely difficult ones with huge political and economic negative consequences, so from my perspective they are having so much difficulty trying to come to agreement. i'm shaving a little bit off of this year's deficit. we're going to have fiscal problems for as far as the eye can see, an here's where an investor, a smart investor is going to want to diversify, especially into things like tangible assets like gold. >> you're going to make the case for gold here, which, you know, has had a heck of a run for the last decade or so, but it has started to show signs of wear and tear. what would propel gold from here necessarily? >> well, two things that i would have your viewers take a look at. the first is the reason why gold has kind of f
susan rice, the u.s. ambassador to the united nations, withdrew her name as a possible secretary of state. hillary clinton is going to be leaving in january. she's moving on. she wanted one term and now the chairman of the senate foreign relathions committee, john kerr will be nominated. probably early in the afternoon the president will have a formal announcement asking that the senate confirm john kerry as the secretary of state. the hearings will take place in january. they would very much like to have john kerry in place as the new secretary of state around the time of the inauguration, january 20th, and they would then be able to go forward. for all practical purposes john kerry will certainly carry forward the foreign policy initiatives put forward by hillary clinton. they're on the same page on a lot of these issues but the president of the united states, as you know, carol, he determines u.s. international policy, national security, and john kerry will now have that mission. it opens up the senate seat in the state of maof massachusetts there's already been speculation th
, a little bit at the margins when we're talking about the size that we have, in the u.s., compared to the next country which is almost double, right? if we're really serious about the gun violence in this country, we need something much bigger and more comprehensive than the kinds of relatively small bits of legislation that's being advocating. >> so you're really describing the public health approach to gun violence which say very important part of our discussion. if you look at the suicide part of it, most people who have been depressed seem help other ways. there's points of entry, sometimes, in hospitals and public hospitals. so you can put a program in eye ahospital that would, if they see a man who is coming it in who just lost this job. and the people who kill themselves are in a very are specific age category group. they are young males between the ages of 15 and 20. and they're older males between the ages of 55 and 65. so you can set up a protocol, where people discussed with them and said, do you have guns in your home? which is what the pediatricians are trying to do. >
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